XE Market Analysis: Asia – Oct 22, 2020

After falling for three-straight sessions, the Dollar perked up a bit on Thursday, aided largely by solid data, USD short covering and a wobbly risk backdrop. Weekly jobless claims were better than expected for both initial and continuing claims, while existing home sales were through the roof to levels last seen in 2006. Wall Street was again choppy, moving between gains and losses through the morning session, much as was the case on Wednesday, though improving in afternoon trade. Focus remained on stimulus, Covid and the upcoming election. Treasury yields were narrowly mixed.

Source: XE news feed
XE Market Analysis: Asia – Oct 22, 2020